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2013 Final Harvest Results

2013 Final Harvest Results

Dear Shareholders

Harvest was completed at both groves this week and pleasingly the 2013 harvest produced 13.58 million litres of oil from our own groves which was approximately 23% higher than original forecasts of 11 million litres completed 12 months ago. This is an outstanding result considering we lost in excess of 1.5 million litres in the summer hail storm at Boort. Had this not occurred the harvest would have produced around 15 million litres. This is our best harvest ever in terms of both volume produced and also the quality of the resultant oil.

In coming weeks we will finalise our 2013 full year management accounts but I can say that we will be announcing a material profit and are likely to pay a dividend this calendar year. A comprehensive report outlining our expected full year results and the quantum and timing of any dividend will be emailed to shareholders towards the end of July.

Thank you for your support.

Kindest regards

Rob McGavin
Executive Chairman